Must Act Now: Rush to Secure Dividends as Jio Financial and Indus Towers Set Ex-Record Dates
Around nine companies are set to turn their ex-record dates on Monday, setting a critical deadline for investors who wish to be eligible for dividend payouts. Today represents the final opportunity for interested buyers to purchase these shares to ensure they are credited with the associated corporate actions. This rush is driven by SEBI’s T+1 settlement cycle, which mandates that shares must be acquired one trading day before the record date.Last Day to Buy for Dividend Eligibility
Investors who intend to receive dividends from these listed firms must complete their purchases today. The mandatory timing ensures that the company's shares are successfully credited to their respective demat accounts by Monday. This provides a clear and immediate action item for investors monitoring dividend-paying stocks across the market.Key Payouts: Jio Financial and Indus Towers Lead the Charge
Jio Financial Services has fixed August 10 as the record date for its final dividend of Rs 0.60 per share. This payment relates to the financial year ending March 31, 2026. The company’s previous dividend was Rs 0.5 per share, and the latest payout announcement occurred in April of this year. Trendlyne data indicates that Jio Financial currently holds a dividend yield of 0.19%.Indus Towers is also turning ex-record for its dividend scheduled for Monday. The infrastructure player has declared a dividend of Rs 14 per share. This payout was announced in April and remains subject to shareholder approval during the upcoming Annual General Meeting (AGM). It is noteworthy that Indus Towers has maintained a strong record, having declared 17 dividends since June 2013.
Other Stocks Offering Dividend Payouts
Several other companies are offering dividend payouts as they hit their ex-record dates on Monday. Majestic Auto stands out with the highest payout among these stocks, aiming to pay Rs 25 per share. PTC India and Styrenix Performance Materials will each be paying a dividend of Rs 23 per share.The list of firms includes West Coast Paper Mills, which is set to turn ex-record for a dividend of Rs 3 per share. RITES investors can also look forward as the company will pay a dividend of Rs 1.4 per share. Completing the group are AVT Natural Products (Rs 0.45 per share) and Central Mine Planning & Design Institute (Rs 1.06 per share).
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